Accept the situation, Adjust your response and Achieve success.
COVID-19 – LEADING TO TRANSFORM YOUR COMPANY
Great letter sent by my mentor and Bangalore a Singapore Alliance partner Mr Allen PathmArajah
We have faced and successfully overcome many crises in our business and lives. However, this is the worst crisis which will affect many of us.
As the leader, you must be Agile, Flexible person who can anticipate change and respond quickly. You have to Accept the situation, Adjust your response and Achieve success.
I suggest you and your senior team reflect on your leadership experiences. This will help you to develop your new leadership journey. You should take immediate action with regard to the following:
Your Cash – Liquidity is the key for sustaining the success of your business. Forecast your cashflow on a weekly basis for 1-3 months. If the projection is negative, take immediate action to access funds through your bank or other institutions which have access to Government funding. (Please contact us if you need help)
Your Staff – Your managers should communicate with your staff on a regular basis. Keep them informed on what they should know. This will help them to understand their role in being part of the solution.
Your Customers – With a few exceptions, sales is likely to decline. Communicate regularly with them to identify any needs or services they require and respond to them quickly.
With my best wishes